TD Securities Cuts ATS (TSE:ATS) Price Target to C$57.00

ATS (TSE:ATS) had its price objective reduced by TD Securities from C$63.00 to C$57.00 in a report issued on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on ATS. Cormark lowered their price objective on ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. Raymond James dropped their price objective on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday. Royal Bank of Canada decreased their target price on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday. Finally, Stifel Nicolaus dropped their price target on ATS from C$58.00 to C$52.00 in a research report on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, ATS has a consensus rating of “Moderate Buy” and an average target price of C$54.29.

ATS Stock Down 0.9 %

Shares of TSE:ATS traded down C$0.37 on Friday, hitting C$40.06. The company had a trading volume of 247,600 shares, compared to its average volume of 244,761. The firm’s 50-day simple moving average is C$39.55 and its two-hundred day simple moving average is C$41.60. The firm has a market capitalization of C$3.89 billion, a price-to-earnings ratio of 21.89 and a beta of 1.36. ATS has a 1 year low of C$33.47 and a 1 year high of C$60.01.

ATS (TSE:ATS) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.50 earnings per share for the quarter, missing the consensus estimate of C$0.53 by C($0.03). ATS had a net margin of 6.10% and a return on equity of 11.30%. The firm had revenue of C$694.30 million for the quarter, compared to the consensus estimate of C$689.19 million.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.